Saskatchewan’s latest budget puts agriculture front and centre, with $625 million allocated to the sector, including a significant boost to crop insurance.
The funding reflects the province’s commitment to protecting farmers from increasingly unpredictable growing conditions, according to Moosomin-Montmartre MLA Kevin Weedmark.
“Our agriculture industry is crucial to Saskatchewan’s economy,” Weedmark said. “This investment, particularly in crop insurance, ensures that farmers, who are producing food for the world, have the stability and support they need.”
Beyond agriculture, the budget balances tax relief, record spending, and a surplus. It introduces personal tax cuts, keeps the small business tax rate at 1%, and delivers record municipal revenue sharing, healthcare, and education funding.
For individuals, the basic personal exemption will rise by $500 per year for the next four years, lowering tax burdens. At the same time, small businesses will benefit from the permanent 1% tax rate, a move Weedmark said will help drive investment and growth. The budget also introduces a Small and Medium Enterprise Investment Tax Credit to encourage local investment and economic expansion.
A new Young Entrepreneur Bursary offers $5,000 to new business owners, a measure some communities, like Moosomin, are using to launch mentorship programs and promote entrepreneurship among young people.
“It’s not just about the bursary itself,” Weedmark said. “It’s about showing young entrepreneurs that the province is behind them, supporting their ambitions.”
Municipal funding remains a key priority, with record revenue sharing providing Saskatchewan’s cities, towns, and villages with a stable and predictable funding source. Unlike other provinces where municipalities lobby for support, Saskatchewan’s model guarantees financial certainty. Education funding hits an all-time high, but the education property tax mill rate will be lowered, easing the tax burden on homeowners and businesses.
